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12 January, 14:12

Many people believe that monopolies charge any price they want to without affecting sales. instead, the output level for a profit-maximizing monopoly is determined by:

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  1. 12 January, 16:53
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    Many people believe that monopolies charge any price they want to without affecting sales. instead, the output level for a profit-maximizing monopoly is determined by:

    MC = MR (marginal cost equals marginal revenue)
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